Guideline Value for Cholan Nagar Darga Street

Cholan Nagar Darga Street guideline value

The current guideline value of Cholan Nagar Darga Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Cholan Nagar Darga Street has changed

The guideline value for Cholan Nagar Darga Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which decreased to Rs 1,005 per sq.ft in 2017. However, the most recent 2024 revision has increased the guideline value to Rs 1,600 per sq.ft, marking a significant increase of 59% from the 2017 figure.

When examining the changes from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has seen a slight increase of 7%. It is important to note that the register has no figures for the years 2023, 2007, 2003, and 2002 for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, which means that Cholan Nagar Darga Street's 2024 figure is below the median.

• Cholan Nagar Bharathi Street: Rs 1,600 per sq.ft (2024)
• Cholan Nagar Indra Street: Rs 1,600 per sq.ft (2024)
• Cholan Nagar Anna Street: Rs 1,600 per sq.ft (2024)
• Cholan Nagar Kamaraj Street: Rs 1,600 per sq.ft (2024)
• Cholan Nagar Adiyapatham Street: Rs 1,600 per sq.ft (2024)
• Cholan Nagar Karikalan Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Cholan Nagar Darga Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees together to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Cholan Nagar Darga Street?

The Sub Registrar Office that covers Cholan Nagar Darga Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. To find your specific SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Thirumullaivoyal

The guideline value is a crucial factor in property transactions in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the registration process is transparent and fair.

When buying or selling property, the guideline value is used to calculate applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Cholan Nagar Darga Street?

The current guideline value of Cholan Nagar Darga Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From 2012 to 2017, the guideline value decreased from Rs 1,500 to Rs 1,005 per sq.ft. However, it increased to Rs 1,600 per sq.ft in the 2024 revision, marking a 59% increase from the 2017 figure.

What is the land classification for Cholan Nagar Darga Street?

Cholan Nagar Darga Street is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Cholan Nagar Darga Street?

The Sub Registrar Office for Cholan Nagar Darga Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Thirumullaivoyal?

Stamp duty for properties in Thirumullaivoyal is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 16,00,000 would incur a stamp duty of Rs 1,12,000 at the rate of 7%.